The completion of Kariba expansion and implementation of the vast Hwange Thermal Power project will greatly boost Zimbabwe's power supplies and help the country, which faces perennial power shortages, be energy self-sufficient.
The company sells products in more than 92 countries and regions, but the Chinese market is the most important because it is one of the fastest-growing markets and it still has great potential, according to Zheng.
The company, founded by serial entrepreneur Lei Jun eight years ago, posted second-quarter net profit of 2.1 billion yuan (9.1 million) on Wednesday, in its maiden financial report unveiled on the heels of its .7 billion Hong Kong listing.
The company posted a strong third-quarter report in late July, with quarterly revenue of .7 billion, up by 11 percent year on year, while Apple's net sales in the Great China region increased to .329 billion from .157 billion a year ago.
The compensation includes 1.9 million yuan for Wu's wrongful detention and 680,000 yuan for his mental anguish, according to a decision made by the Henan High People's Court and released by Wu's daughter Wu Lili.
The complex is being developed by Brookfield, which recently developed Amazon’s new European headquarters in London.
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The company made 500 million pounds from worldwide sales of vaping products last year and estimates that figure will reach 5 billion pounds in the next four years.
The company said that it plans to issue no more than 4.599 billion shares in an initial public offering, accounting for 9.78 percent of its equity base. H-share equities would account for 18.56 percent of its equity base, and the remaining 71.66 percent would be shares issued by domestic companies.
The company said it will ensure all the onshore, offshore, technique resources and all the equipment are delivered on schedule, and will keep the Sanman and Haiyang projects under quality and safety management.
The company will upgrade the vehicles' door control module software free of charge to eliminate safety risks, it said.